Belvidere, IL Applebee's
2126 Gateway Center Dr, Belvidere, IL 61008
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High-profile Applebee's location with NNN lease and annual increases.
Type:Retail
Property size:
4,179 SFLot size:
1.37 AcresPrice / SF:
$413/SF- Added:
- Feb 25, 2026
- Days on Market:
- 76
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2126 Gateway Center Dr
General Information
- Standard status
- Active
- Size
- 4,179 SF
- Lot size
- 1.37 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agent Cecil Waatti License #RRE-BRO-LIC-99389
Listing office Coldwell Banker Mountain Properties (406) 890-4000
Listing date Feb 25, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Mountain Properties
HighLights
- Absolute NNN lease with 5 years remaining and 2% annual increases.
- High‑traffic location off I‑90 with AADT of over 84,000 cars per day.
- Strong retail corridor location next to Walmart Supercenter, Starbucks, Verizon, and Dunkin Donuts.
- Newer 4,179 SF building built in 2015 on a 1.37 acre lot.
- Five (2‑year) extension options available on the lease.
- Located in a growing town (Belvidere) near a larger city (Rockford).
Overview
This is an investment opportunity featuring an Applebee's restaurant in Belvidere, Illinois. The property is situated in a strong retail corridor, adjacent to a Walmart Supercenter, Starbucks, Verizon, and Dunkin Donuts. Constructed in 2015, the building encompasses 4,179 square feet and is positioned on a 1.37-acre lot. The property is subject to an absolute NNN lease with five years remaining on the initial 10-year term, and includes 2% annual rent increases each September. There are five available extensions of two years each. The location benefits from its proximity to I-90 and the main Belvidere city exit. Traffic counts are significant, with 52,700 vehicles per day on I-90, and 16,000 and 15,500 vehicles per day on the two access roads, resulting in a combined average annual daily traffic (AADT) of over 84,000 vehicles. Belvidere is a growing town with a population of 25,585 and serves as a suburb of Rockford, Illinois, which has a population of 147,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Applebee's Grill + Bar
Restaurant
Location Insight
- Map
- Local Demand
- City
- Belvidere
- County
- Boone
- State
- Illinois
- Longitude
- -88.8181401
- Latitude
- 42.2403664
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - High-profile Applebee's location with NNN lease and annual increases.
Where is this conventional restaurant located?
The property is located at 2126 Gateway Center Dr Belvidere, IL.
What is the asking price?
The asking price for this property is $1,729,000.
What are key features of this property?
This property features: Absolute NNN lease with 5 years remaining and 2% annual increases.; High‑traffic location off I‑90 with AADT of over 84,000 cars per day.; Strong retail corridor location next to Walmart Supercenter, Starbucks, Verizon, and Dunkin Donuts.
